TECH SUPPLIER Sep 2019 - Market Forecast - Doc # US44803719
Worldwide Big Data and Analytics Software Forecast, 2019–2023
By: Chandana GopalResearch Director, Business Analytics, Dan VessetGroup Vice President, Analytics and Information Management, Carl W. OlofsonResearch Vice President, Data Management Software, Stewart BondResearch Director, Data Integration and Data Intelligence Software, Maureen FlemingProgram Vice President, Integration and Process Automation, David SchubmehlResearch Director, Cognitive/Artificial Intelligence Systems
This IDC study presents the historical view of the worldwide BDA software market for 2013–2018 and the forecast of the market for 2019–2023. The study includes a breakdown of the market by 14 subsegments, 3 geographic regions, and public cloud versus on-premises/other software deployment methods. It also includes a discussion of key market drivers and inhibitors as well as guidance to vendors.
"The big data and analytics software market, which in 2018 reached $60.7 billion worldwide, is expected to grow at a five-year CAGR of 12.5%. There are three significant shifts happening in the BDA software market that are reflected in this forecast: First, the increasing importance of data in the modern enterprise; second, the ongoing shift to public cloud; and third, growth of artificial intelligence/machine learning (ML) as enabling technology within data management and analytics software," said Chandana Gopal, research director, IDC's Business Analytics Solutions.
Analytic applications, Big data analytics and discovery, Cognitive/artificial intelligence, Customer relationship management applications, Data access, analysis and delivery, Data warehouse platform software, Public cloud services, Structured data management software, Supply chain management applications
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